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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. What is property data collection?

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Apps for Appraisers

Appraisal Today

Genius Scan This app gets a lot of love from appraisers. This tool is excellent for making copies of tax records, floor plans, etc. How will this affect your appraisal reports if you work in the affected areas? This was the same process many of us underwent with the exterior-only (drive-by) inspections.

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Understanding desktop appraisals and how to use them for home valuations

Clear Capital

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal? Desktop appraisal meaning and definition.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Non-traditional appraisals to the rescue.

Appraisal 370
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Unequal Opportunity: Addressing appraisal bias is another step toward making housing more equitable

Clear Capital

. “The appraiser profession needs greater diversity, allowing those involved in the process to reflect the diverse communities they serve.” Appraisers are trained to provide an objective, unbiased analysis, but they also must rely upon data and methodologies that have been impacted by the systemic racism of redlining.